Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Veeva: Fiscal Q2 Earnings Snapshot
By AP News - Aug 28, 2024, 04:18 PM ET
Last Updated - Aug 28, 2024, 04:18 PM EDT
PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal second-quarter earnings of $171 million.
The Pleasanton, California-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.
Sponsored
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The provider of cloud-based software services for the life sciences industry posted revenue of $676.2 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $667.2 million.
For the current quarter ending in October, Veeva expects its per-share earnings to range from $1.57 to $1.58.
The company said it expects revenue in the range of $682 million to $685 million for the fiscal third quarter.
Veeva expects full-year earnings to be $6.22 per share, with revenue ranging from $2.7 billion to $2.71 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEEV at https://www.zacks.com/ap/VEEV
Sponsored
Read More from Investing
Popular News
Latest News
